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Deputies Pass Raft of Bills on Duma's Last Day.
(From The Moscow Times)
To the strains of the national anthem, a half-empty State Duma on Friday ended its last session before new elections Dec. 7, having rushed through a last-minute flurry of largely economic measures.
In the chamber, which emptied through the day as deputies left to go on the campaign stump, a handful of opposition lawmakers were drowned out by a chorus of self-congratulation from pro-Kremlin lawmakers.
Deputies passed the final readings of bills on the 2004 budget, bank deposit insurance and cutting stock market trading fees.
Finance Minister Alexei Kudrin welcomed the 245-151 passing of the budget, which included approval of a new stabilization fund aimed to create a cushion against plunging oil prices.
"After the creation of a stabilization fund, the prospect of Russia defaulting in the foreseeable future ... has greatly receded," Kudrin said after the session. "This is a great final accord of the work done by the Duma. It's a bill to be proud of."
The budget requires that the government place between $5 billion and $6 billion in the stabilization fund next year, but is not allowed to spend from the fund until it totals 500 billion rubles ($16.8 billion).
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